Sultana Raisins Turkey: The market gets moving

Mintec Global
Spread the news!

Manisa: Market players state that different prices are circulating nowadays for the new crop seedless dried raisins.

Market players state there is confusion about the circulating export price offers for new crop Turkish Sultana raisins. Some are in the meaning that exporters are still offering at the same levels as before at 1.600 -1.650 USD/mt for type nr.9 sultana raisins while others state that 1.500 USD/mt prices are offered as well. However, the main opinion is that buyers are making price perceptions to reduce the price offers.

Market players are, however, struggling with many factors nowadays regarding their offers.TMO is currently selling 2020 crop sultana raisins as known for 12.90 TL/kg. It was announced that this price should be valid until the end of July 2021, so the main question for the exporters is what the prices will be starting from the 1st of August. After this, the exporters will be able to have a better idea of the new crop prices.

Another critical issue remains the freight cost expected to increase from September, meaning that the freight cost will also increase. Market players also added that the yield is less this year, but the crop size will roughly be the same as last Season since the sultana raisins growing areas are increased in Turkey. It is almost certain that TMO will enter the new season with a huge carry-over, so market players are curious whether TMO will announce a base price and start buying immediately at the beginning of the new Season.

Turkey will have an official Holiday next week starting from Friday the 16th of July lasting until the 26th of July due to the religious Sacrifice Festival. Market players stated that it would be therefore calm next week.

The exports continue still on a high tempo as before. Turkish lira continues to fluctuate in value against foreign currencies. The USD/TL rate is at 8.63TL (8.68 last week) and EUR/TL rate at 10.24 TL levels (10.31 TL previous week. Turkey exported 3615 mt of sultana raisins last week, 4686 mt during the same week of the previous Season. Turkey exported 195.214 mt sultana raisins until the 10th of July 2021, which was 219.740 mt last year during the same period.

Sultana Raisins, Turkey, crop 2020
TypeUSD/kg
Type 8, Std. Grade A1,60
Type 9, Std. Grade A1,60-1,65
Type 10, Std.Grade A2.05
Type nr .9 Organic, Std. Grade A2,65
FOB Izmir

Turkey will have an official Holiday next week starting from Friday the 16th of July lasting until the 26th of July due to the religious Sacrifice Festival. Market players stated that it would be therefore calm next week. The exports continue still on a high tempo as before. Turkish lira continues to fluctuate in value against foreign currencies.

The USD/TL rate is at 8.63TL (8.68 last week) and EUR/TL rate at 10.24 TL levels (10.31 TL previous week. Turkey exported 3615 mt of sultana raisins last week, 4686 mt during the same week of the previous Season. Turkey exported 195.214 mt sultana raisins until the 10th of July 2021, which was 219.740 mt last year during the same period.

Seedless dried raisins exports on the mt basis
Season2020/212019/20
Amount195.214219.740
From the beginning of the season 

Source: Trade

For more information, facts and figures, become a member. Click here.